1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ipatiy [6.2K]
3 years ago
14

Jen bought 100 shares of ABC stock at $15 a share on July 14, 2017. On August 7, 2018, she noticed that the stock had increased

in value to $20 a share and decided to sell her shares. Jen's marginal tax rate is 22%. How is the revenue from the sale treated on her 2018 income tax return
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

The revenue from the sale treated as a long term capital gain on her 2018 income tax return

Explanation:

capital gain = (100*20) - (100*15)

                    = $500

tax rate on long term capital gain for 22% = 15%

tax on capital gain = $500*15%

                               = $75

Therefore, The revenue from the sale treated as a long term capital gain on her 2018 income tax return

You might be interested in
Who is bored if so lets talk
PSYCHO15rus [73]
Meeeeeeeeeeeeeeeeeee
8 0
3 years ago
Read 2 more answers
The Vice President of Biomedics is trying to decide on the composition of a new product development team. If she chooses members
Marina86 [1]

Answer:

b. Increase in communication and coordination costs

Explanation:

Based on the information provided within the question it can be said that she will likely experience a disadvantage with an Increase in communication and coordination costs. This is mainly due to the fact that those individuals are already used to communicating and coordinating with their teams in a very specific way that they have developed through months of working together. By putting members from different divisions together they have to learn how to coordinate with one another which will take time and money.

8 0
3 years ago
Which one of the following statements is TRUE? a. Company sponsorship of a local charity is an example of a nonpecuniary benefit
mojhsa [17]

Answer: c. An inside director is a board member who also holds a managerial position in the company

Explanation:

Inside Directors are indeed Board members who are employees/ hold managerial positions in the company.

They are in a unique position to help the board in Corporate Governance because as they are on the ground, they have specialized knowledge of the company and as such can provide complete information to the Board.

They typically include a Company's top executives such as the CEO, CFO and the COO.

5 0
3 years ago
Consumer protection and services provided by government include all but ____.
Dominik [7]
Its letter b. <span>guarantees of customer satisfaction
</span>
Consumer protection<span> refers to a group of </span>laws<span> and organizations devised to ensure the </span>rights<span> of </span>consumers<span> as well as </span>fair trade, competition and accurate information in the market place and <span>to prevent businesses that engage in </span>fraud<span> or specified unfair practices from gaining an advantage over competitors. </span>
3 0
3 years ago
Rugrat Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $190,000
inessss [21]

Answer:

$140,000

Explanation:

The  difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:

Variable costing:

Fixed manufacturing overhead in production $750,000

Absorption costing:

The Fixed cost would be

= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory

= $190,000 + $750,000 - $50,000

= $890,000

So, the difference would be

= $890,000 - $750,000

= $140,000

8 0
3 years ago
Other questions:
  • At Ava's second birthday, her grandparents wanted to pool their money to buy U.S. Treasury bonds that would ultimately provide $
    7·1 answer
  • A normative economic statement can be proved or disproved by reference to facts?
    9·1 answer
  • Riley Inc.'s charter authorizes 1,000 shares of stock at a stated value of $10 per share. Riley issues 50 shares of stock at its
    7·1 answer
  • Union Local School District has bonds outstanding with a coupon rate of 4.5 percent paid semiannually and 20 years to maturity.
    13·2 answers
  • Suppose you invested in the Ishares High Yield Fund​ (HYG) a month ago. It paid a dividend of today and then you sold it for . W
    9·1 answer
  • What is the average production cycle?
    15·1 answer
  • What type of business sells to the end consumer
    6·1 answer
  • Pepper Corporation owns 75 percent of Salt Company's voting shares. During 20X8, Pepper produced 50,000 chairs at a cost of $79
    9·1 answer
  • Assume the economy is operating at less than full employment. An expansionary monetary policy will cause interest rates to _____
    15·1 answer
  • Step 4: Use the line chart to determine the approximate price of the stock at the beginning of 2003. How much money would you ha
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!